China should set a lower GDP growth target of 6.5-7% for 2015 and refrain from stimulus measures, Reuters reported, citing the IMF on Thursday. “Regarding the growth target for 2015, while most directors concurred that a range of 6.5-7% would be consistent with the goal of transitioning to a safer and more sustainable growth path, a few other directors considered a lower target more appropriate,” the IMF said. Most Chinese government economists, however, doubt Beijing would slash its growth target to below 7% next year for fear of undermining financial stability and market confidence.
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